Property

Ocean City, MD 21842 2 48Th Street # 703

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Presented By: Keller Williams Realty Delmarva
  • MLS# MDWO2020868
  • 05/10/2024
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  • Beds • 3
  • Baths • 3
  • SQFT • 1,790
  • Garage • 2

Home Details

Net Rental Income in 2024 was $50,527.36! The Gateway Grand #703 - A Luxurious Oceanfront Residence Nestled high above the surrounding properties, on the 7th floor of The Gateway Grand, #703 is a meticulously maintained 3-bedroom residence that epitomizes luxury living in Ocean City. This exquisite property boasts a spacious and open floorplan, providing an inviting ambiance and an abundance of natural light. One of its most striking features is the breathtaking southern-exposure panoramic views that grace this home. From its private balcony, residents and guests can revel in stunning vistas of the city skyline, the serene ocean, and the tranquil bay, making every moment a visual delight. Sunrise to Sunset this residence provides some of the most captivating views in the city. This residence has been lovingly cared for, with attention to detail evident in every corner. The living spaces are thoughtfully designed, offering both comfort and elegance. Whether you're enjoying a meal in the gourmet kitchen, lounging in the living room, or retiring to one of the three cozy bedrooms, you'll be enveloped in luxury. The Gateway Grand itself is Ocean City's pinnacle of oceanfront living. With its impeccable amenities and prime location, it offers residents a lifestyle of convenience and sophistication. From the elegant lobby to the direct beach access, the heated indoor pool, or the state-of-art fitness center, every aspect of this building is designed to cater to the desires of discerning homeowners. In summary, The Gateway Grand #703 is not just a residence; it's a sanctuary where you can indulge in the finest coastal living. Whether you're captivated by the ocean's waves, the city's charm, or the bay's tranquility, this property presents a unique opportunity to savor it all in one stunning package. Deeded mezzanine storage locker 143 conveys with residence. Buyer to honor any booked rentals for 2024.
Presented By: Keller Williams Realty Delmarva

Interior Features for 2 48Th Street # 703

Bedrooms

Main Level Bedrooms3
Total Bedrooms3

Bathrooms

Total Baths3

Other Interior Features

LivingAreaSourceEstimated
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area1790
Above Grade Finished Area SourceEstimated
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Below Grade Finished Area0
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Common Walls2+ Common Walls
Common Walls2+ Common Walls
Fireplace Y/NNo
FlooringCarpet, Ceramic Tile
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Laundry TypeDryer In Unit, Washer In Unit
Number of Elevators5
Total Stories17
Window FeaturesInsulated, Screens

Other Rooms

Entry Level7

General for 2 48Th Street # 703

Acceptable FinancingCash, Conventional
AccessibilityNone
AppliancesBuilt-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer
Architectural StyleUnit/Flat
Association AmenitiesCommon Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
Association Fee IncludesCommon Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
AssociationName2Gateway Grand
Bathrooms Count Main Level3.00
Bathrooms Full Main Level3
Body of WaterAtlantic
Builder NameBovis Lendlease
Building NameGateway Grand
CityOCEAN CITY
Community Pool FeaturesHeated, Indoor, In Ground
Condo/Coop Association Y/NYes
Construction MaterialsConcrete, Metal Siding
Contingency TypeDocument Review, Home Inspection
Cool FuelElectric
CoolingCentral A/C
CountyWORCESTER
DirectionsCoastal Hwy South, Left on 48th Street, Building oceanfront on Left.
DisclosuresConserv Area, Prop Disclaimer
ElectricCircuit Breakers
ExclusionsSee Inventory Addendum
Exterior FeaturesExterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
Facing DirectionWest
Federal Flood ZoneX
Floors In Unit Count1
Full Baths3
Garage Spaces2.00
Garage Y/NYes
HOANo
HOA Fee 2922.00
HOA Fee 2 FrequencyMonthly
HeatingCentral
Home Warranty Y/NNo
Lease Considered Y/NNo
Legal SubdivisionGATEWAY GRAND
Levels1
Location TypeOceanblock
MLS AreaOceanfront Indirect View (81)
ModificationTimestamp2024-10-14T20:00:59
MunicipalityOcean City
New ConstructionNo
NumberOfUnitsTotal1
Other Fees830.00
Other Fees FrequencyOne Time
Other StructuresAbove Grade, Below Grade
Patio/Porch FeaturesBalcony
Percent OwnershipCondominium
PossessionSettlement
Price Per Sq Ft Total AG619.55
Property ConditionExcellent
Property TypeResidential
RoofFlat
School DistrictWORCESTER COUNTY PUBLIC SCHOOLS
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeUnit/Flat/Apartment
Subdivision NameNONE AVAILABLE
Tax Annual Amount10777.0
Tax Assessed Value770000.0
Tax Lot703
Tax Year2024
Total Actual Rent50527.36
Total SQFT1790
TransportationBus Stop less than 1 mile
Unit Number703
UtilitiesCable TV Available, Electric Available
Vacation Rental Y/NYes
ViewBay, City, Ocean
Virtual TourClick here
Water Access Y/NNo
Waterfront FeaturesSandy Beach
Waterfront Y/NYes
Year Built2008
Year Built SourceAssessor
ZoningRESIDENTIAL
Zoning DescriptionResidential Condominium

Exterior for 2 48Th Street # 703

# of Attached Garage Spaces2
Builder ModelF
Door FeaturesInsulated, Sliding Glass
Foundation DetailsPillar/Post/Pier
Garage FeaturesCovered Parking
Horse Y/NNo
InclusionsSee Inventory Addendum
Land Use CodeU
Lot Dimensions0.00 x 0.00
Lot FeaturesPremium
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesElectric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned
PoolYes - Community
Total Parking Spaces2
Type of ParkingAttached Garage, Parking Lot
Water Body TypeOcean
Water Oriented Y/NYes
Water SourcePublic
Water View Y/NYes

Additional Details

Price History

Ebonie Clerier

Associate
Price $1,109,000
MLS#MDWO2020868
List Date 05/10/2024
Property Type Contingent
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